accounting treatment for demurrage charges

or citations, The golden rules of grammar, style and consistency are thoroughly followed, Font and size thats easy to read and remain consistent across all imprint and digital publications are applied, Font and size that's easy to read and remain consistent across all imprint and digital publications are applied. The cost principle at FAR 31.205-15(b) states that costs incurred in connection with, or related to, the mischarging of costs on Government contracts are unallowable (iv) If ODS is accrued at substantially different rates developed by the contractor applicable to any year in which final rates have not been agreed to, the difference between the ODS accruals based on billing rates established by MARAD and the ODS accruals based on the contractor's rates shall be disclosed in appropriate footnotes to the balance sheet and to the income statement. Desirable: Items under this category are optional in nature, unavailability does not cause any production or efficiency loss. 4 0 obj It is important to note that Demurrage to the charterer would not run if the fault is on the part of the shipping carrier (for example - ship breakdown). It is the loss connected with the output as well as input. Cash. It is filled up with the help of goods received note and material requisitions. As a result, shipping companies can sell the limited space at a premium price. In the case where goods are being imported, a Demurrage fee is charged by the port authority to the importer. (i) This account shall be used to report revenue (including surcharges) from operations. Demurrage = 4 days (2nd July to 8th July is free, demurrage from 9th July to 12th July) to the shipping line. This classification is done for spare parts which are used for production. The purpose of this rule is to provide guidance about how the Commission will interpret 46 U.S.C. By continuing to browse this site, you give consent for cookies to be used in accordance Demurrage - The penalty charged for exceeding the free days allowed for storage of loaded containers at the yard is called Demurrage. (i) Cash discount: Cash discount is not deducted from the purchase price. Typically there is an expense account in the Cost of Sales section of your Profit and Loss Statement for shipping and it is used in this situation. 3. Demurrage is a term that refers to payments made to the owner of a chartered shipby the chartererwhen there is a delay in the loading or unloading of goods, or any other form of break fromthe original charter contract. where it is used in the manufacture of a product which has now become obsolete. It. WebDemurrage is a charge that both compensates rail carriers for the expenses incurred when rail cars are detained beyond a specified period of time (i.e., free time) for loading or (iii) C category of items does not require much investment. Good units absorb the cost of shortage due to normal reasons. Insufficient stock not only pause the production but also cause a loss of revenue and goodwill. 4. The waste may or may not have any value. (ii) For contractors who operate vessels in the U.S. foreign commerce with a construction or operating-differential subsidy agreement (CDSA or ODSA), operating revenue attributed to such vessels shall be separately accounted for to report the following: Freight-foreign, freight-coastwise and intercoastal; passenger-foreign, passenger-coastwide and intercoastal; charter revenue; and other voyage revenue. Credit. You can do this instead of adding them to the capital cost of your building. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava. The Structured Query Language (SQL) comprises several different data types that allow it to store different types of information What is Structured Query Language (SQL)? The billing cycle information, which is a basic feature on recurring invoices, would help rail users verify demurrage charges that span multiple invoicing periods and compare invoiced charges to the demurrage information available on Class I carriers' online platforms. Advisory for GTA opting for payment of tax under forward charge mechanism, HC upheld penalty imposed after detention as GST e-way bill was not extended before expiry, Taxmann's Cost & Management Accounting (CMA) | CRACKER. https://corporatefinanceinstitute.com/resources/accounting/freight-expense endobj endobj Some of the factors that affect freight expense include: Some shipping companies include a fuel cost component in the freight cost pricing model. Also, both the importer and the shipping carrier should judiciously read the Charter Contract to chalk out all the grey areas. Entries are made when transaction takes place. The steps followed in this system are as follows: It is an important technique of inventory control on selective basis whereby the measure of control over an item of inventory varies with its usage value. Demurrage and 110 0 obj Demurrage and detention charges will always be addressed to the consignee in the first instance. The system generally has a sobering influence on the stores staff because of the element of surprise present therein. my goods are already in demurrage in Russia for last 15 days. Slow-moving and non-moving items of stores can be detected in the following ways: 1. According to this approach material should only be purchased when it is actually required for production. 7 0 obj Ok@8rQ][>1oKL\0?Sq+8t1-89 Defectives: Defectives are those units or portions of production which do not meet the quality standards due to sub-standard materials, bad-supervision, bad-planning, poor workmanship, inadequate-equipment and careless inspection. Unloading has to be processed by the time frame. 1. The horror note of a demurrage charges notwithstanding has negative effects you dont want to record. Save my name, email, and website in this browser for the next time I comment. Bill of Material is a detailed list specifying the standard quantities and qualities of materials and components required for producing a product or carrying out of any job. (i) This account shall be used to report accrued income tax liability for the current year's operation exclusive of extraordinary items, discontinued operations and the cumulative effect of a change in accounting policy. However, if the price of fuel increases, road and maritime transport prices will increase, and the additional cost will be passed on to the consumer. Careful consideration of the relevant standard is required before Re-order Period, Min. Low turnover ratio Indicates over-investment and locking up of working capital in inventories. 3. endobj The Federal Maritime Commission is proposing a new rule that seeks to bring more clarity, structure, and punctuality to the demurrage and detention billing practices of vessel operating common carriers (VOCCs), non-vessel-operating common carriers (NVOCCs), and marine terminal operators (MTOs). How to treat this charges vis a vis AS, accounting guidelines.. though some cargoes contain capex and revenue items but demurrage charges payable to shipping lines is revenue in nature. Consumption Average Re-order period), Safety Stock + Avg. Antwerp prices start between 15 to 30 Euros for each dry container, after the free days limit. Each account shall be identified by an account number and an account title followed by a text describing the accounting information to be included in that account. Required fields are marked *. Sharpe also turns a profit since he is no longer paying fees for a depreciating commodity. This account is to be used to report expenses not chargeable to any other expense account. A trade-off between stock-out and over-stocking is required. Examples are revenue from pooling agreements, terminal services provided to others, and cargo handling services performed for others; cargo equipment rentals, and repairs to cargo equipment belonging to others; agency fees, commissions and brokerage fees earned. Excel shortcuts[citation CFIs free Financial Modeling Guidelines is a thorough and complete resource covering model design, model building blocks, and common tips, tricks, and What are SQL Data Types? It incidentally helps continuous stock taking. In this case, the seller will not book any delivery expense in its books. <>/MediaBox[0 0 612 792]/Parent 105 0 R/Resources<>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/Tabs/S/Type/Page>> It is prepared by the production or other consuming department. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any. Fixation of the various stock levels and checking of actual balances in hand with these levels assist the store keeper in maintaining stocks within limits and in initiating purchase requisitions for correct quantity at the appropriate time. Post by Hesham255 Wed Dec 18, 2019 10:09 am Hello, I understand that demurrage charges accounting related to inventory shouldn't be capitalized but must be considered as expenses in P&L. endobj Your total demurrage fee for days 6-12: $350. 13 0 obj On the other hand, Inventory requires some funds for purchase, storage, maintenance of material with a risk of obsolescence, pilferage etc. 41102 (c) and 545.4 (d) in the context of demurrage and detention. (iii) GST: It is excluded from the cost of purchase if credit for the same is available. Proper procedures and guidelines should be laid down for the disposal of non-moving items, before they further deteriorates in value. Average Stock = 1/2 (opening stock + closing stock), Average No. endobj Scope. It is added with the cost of purchase as it is directly attributable to procurement of material. (CA Final (new scheme)) The existing demurrage liability disclosure requirement is triggered in two circumstances: (1) When a shipper Start Printed Page 55120 initially arranges with a railroad for transportation of freight pursuant to the rail carrier's tariff; or (2) when a rail carrier changes the terms of its demurrage tariff. By implementing the use of a well designed information system. Those fees currently range from $60 to $150 per day, according to shippers and their trade associations. Post the release of consignment, from the yard and taken to the warehouse. Although CN opposes the addition, This account shall be used to report all expenses directly attributable to the handling of cargo or passengers for a fee. CFI is the official provider of the Financial Modeling and Valuation Analyst (FMVA) certification program, designed to transform anyone into a world-class financial analyst. 3. Find the route with a summary of potential impact, differences with previous GAAPs and examples of industry specific areas like freight services, transportation costs, and many more The cost of freight is also affected by the demand for freight services. demmurage charges is not an independent expenditure, it incurs with transportation / godown rent etc, and this is always accounted as clubbed with respective Insurance charges are paid for protecting goods during transit. As per AS 10, the cost of a fixed asset should comprise its purchase price and any attributable cost of bringing the asset to its working condition for the intended use. To subscribe to our weekly newsletter please log in/register on Taxmann.com, The Budget [Income-tax | GST | Customs] | 2023-24, The Budget [Income-tax | GST | Customs] & Budget Guide | Combo | 2023-24. Scrap: Scraps are the materials which are discarded and disposed-of without further treatment. where the material itself is replaced by another material due to either improved quality or fall in price. pwc:services/audit_and_assurance/ifrs_reporting 5. Please login to post replies 1 0 obj Laytime and Demurrage are probably the most important terms in a Charter Party and can have significant financial implications. If they fail to load or unload the consignment in the given laytime the importer or the shipowner or whosoever is responsible for discharging the ship has to bear a charge which is called Demurrage. <>/MediaBox[0 0 612 792]/Parent 105 0 R/Resources<>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/Tabs/S/Type/Page>> In the case where goods are being imported, a Demurrage fee is charged by the port authority to the importer. For exports, when the loaded containers are not transported within the given laytime, a Demurrage fee is charged by the port authority to the shipping line. endstream endobj 232 0 obj <>stream <> Daily charges range from $75 to $150 per container per day; however, charges can and do increase the longer the cargo stays on 231 0 obj <>stream Last-in-First-out (LIFO) method: It is a method of pricing the issues of materials on the basis of assumption that the items of the last batch (lot) purchased are the first to be issued. You are allowed five days of free time and the shipping lines demurrage tariff increases every seven days. It is an abnormal cost and, Demurrage is a penalty imposed by the transporter for delay in uploading or offloading of materials. 940 Depreciation and Amortization Expense. (iv) Except as otherwise provided in paragraph (D)(1)(i) of this section, vessel revenue shall be accounted for following generally accepted accounting principles for the segment of the maritime industry of which the contractor is a part and shall be applied consistently between reporting periods. Do you know how to get from IAS 18 to IFRS 15? In this post, wed be dealing with what demurrage is, its These charges are mentioned in the quotation, if not ask for them. You need to give individual effect to it. Free days can be up to 7 days. (c) In the case of falling price, profit tend to rise due to lower material cost, yet the finished goods appear to be more competitive and are at market price. CDMX. Production starts to process the demand for product, Material requirement is sent to Purchase department, Supplier sent the material for production. It is charged to Profit & Loss Account. (12) 995 Income or Loss from Extraordinary Items Net of Taxes. Losses due to abnormal reasons are debited to costing profit and loss account. with and for the purposes set out in our Transactions may be summarized and then posted. (d) Checking the physical balances of a number of items every day systematically and by rotation. endobj Vital: Items are classified as vital when its unavailability can interrupt the production process and cause a production loss. The average free period is usually 4 to 5 days. The average holding cost among the major ports was $1219 in 2021. demurrage charges accounting by Hesham255 Wed Dec 18, 2019 10:09 am Hello, I understand that demurrage charges accounting related to inventory (11 Points) If the cargo being imported/exported will require some special custom permission, the charterer should make sure that they have the documents and permissions in place. A primary issue in accounting for inventories is the amount of formulas that are used to assign costs to inventories. The main advantages of continuous stock taking are as follows: First-in First-out (FIFO) method: It is a method of pricing the issues of materials, in the order in which they are purchased. Scope. (iii) Less attention required: Management time is saved since attention need to be paid only to some of the items rather than all the items. When using trucks to transport cargo through areas prone to terrorism and criminal gangs, shipping companies may charge a higher fee in order to hire security or shift cargo to safer modes of transport in such areas. Waste: It is the portion of raw material which is lost during storage or production and discarded. !gTj,^B,.rY ln}h>4,m7YCq frITCz3GN#bMKYZ)+l,+#FAB/k &ik=~?6IuEOBHk=|_mJ6b\7PN5nxTTtjH"2G. As per my view it should not be capitalised but I want to know a reference Para no of AS/ AS Interpretation, any guidance note or any other statutory requirement. Your are not logged in . For instance, if the demurrage/detention charges were incurred on the import of some raw materials, such charges could be included in the production cost / cost of sales. 22 0 obj The containers are received by the customs department and are stored in the yard without any charges for a certain time, referred to as free time. Demurrage charges are incurred for containers stored on terminal outside of the freetime period defined by tariff or service contract; Inbound demurrage policy applies equally to merchant and carrier haulage. <>/MediaBox[0 0 612 792]/Parent 105 0 R/Resources<>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/Tabs/S/Type/Page>> Replied 02 June 2011, all exps incured up to the premises/godwn/works, dr to related expenditure a/c in case of raw material to to inward freight a/c, in the case of fiexd assets dr to fixed asstets a/c or other case in concernd a/c, prerna The cost of road and maritime shipping is dependent on the cost of fuel, and the final cost charged to the consumer must factor in the cost of fuel at the time of shipping. (21051 Points) (ii) Port charges attributable to the vessel's cargo or passengers are not to be reported in this account. Replied 26 April 2011. demmurage charges is not an independent expenditure, it incurs with transportation / godown rent etc, and this is always accounted as clubbed with respective heads where from the original expense incurs. (310 Points) Combined effect cannot be given. The checking of physical inventory is an essential feature of every sound system of material control. Acting as an incentive to the importer to quickly return the empty container and have a good turnaround time. Contact your CA for more details. 2. I want know whether Demurrage charges incurred should be capitalised to the asset cost or it should be write off to the P/L Account. No. (b) The use of the method during the period of rising prices does not reflect undue high profit in the income statement. Store ledger is maintained in cost accounting department. Publication date: 31 Dec 2022. us PP&E and other assets guide 1.1. Demurrage charges are those which are charged by the customs ware house stations when the goods are stored and not cleared within the specified time i.e., these are the charges for excess period of storage of goods ravi (COMMERCIAL) (413 Points) Replied 06 December 2008 these r applicable for not only import but also for (3) 650 Other Shipping Operations Revenue. endobj uuid:ff0e6f4e-fee4-467a-bfa5-8cefbe95fa6c The title of ownership changes from the seller to the buyer when the goods have been delivered to the buyers specified location. Obsolescence is the loss in the intrinsic value of an asset due to its supersession. Typically these values correspond to a single container left in the yard per extra day than was allotted. <> endobj Thanks. Thank you for reading CFIs explanation of Freight Expense. 16 0 obj Bin Cards is maintained by the store keeper in the store. All costs incurred in bringing inventory to the present location and condition should be included in Inventory Cost as per AS-2. WebSuch charges may include: Amortization of deferred charges; taxes other than income; debt discount and expense; nonshipping operations expense; organization and 4. Defectives are sold at a lower value from that of the good one. Laytime varies as per the shipping lines. Demurrage charges are charges in the nature of delayed clearing charges which are charges to be incurred to bring the asset to its This penalty is paid to the owner of the container by the importer as compensation since the container could have been used for another shipping consignment. P1)kO fQbI98l PPt{2o%h"wSU.+m%+~/f>X?,H2z#9|EbzstO8$x~^=cg48fP14 NXpG Consumption* Lead time for emergency purchase. 2017-11-23T11:43:52.000Z endobj endobj Hence, the port or the shipping carrier should be over-cautious in calculating the Demurrage days. Please login to post replies Generally these charges are common in container transport / freight and it is advisable to associate such expenses with the respective operation. What is demurrage in accounting? 31 0 obj endobj Generally, scrap has either no value or insignificant value. The procedures for accounting for VAT are set out in section 4. 7) Consider Carrier Haulage. The standard provides guidance on the determination of cost and its subsequent recognition as an expense, including any write-down to net realisable value. This rule applies to practices and regulations relating to demurrage and detention for containerized cargo. There will be large volumes of products for shipping during periods of higher demand for shipping space, and users will be competing for the limited space. satish kumar As used here, vessel has the same meaning as in paragraph (D)(1)(i) of this section. Physical stocks can be counted and book balances can be adjusted as and when desired without waiting for the entire stock-taking to be done. <>/MediaBox[0 0 612 792]/Parent 105 0 R/Resources<>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/Tabs/S/Type/Page>> (ii) A footnote shall be added to the income statement explaining the substance of the old and new accounting methods and the reason supporting the change in accounting policy. In this system, production process actually starts after the order for the products is received. Costs may also increase due to shippers opting to use longer shipping routes that offer more safety. 2. Generally these charges are common in container transport / freight and it is advisable to associate such expenses with the respective operation. Day 6-12 demurrage per day: $50. Do you know how to get from IAS 18 to IFRS 15? Email me at this address if a comment is added after mine: Email me if a comment is added after mine. Perpetual Inventory Records: Perpetual inventory represents a system of records maintained by the stores department. Generally scraps are not used or rectified. The stock verification may be done by internal audit department but are independent of the store and production staff. Interim accounts are possible quite conveniently. But, in case of rising prices, if this method is adopted, the charge to production will be high while the replacement cost of material will be low. Booking intermodal transport through your shipping line is an option that may be able to help you avoid demurrage and detention fees. <>/MediaBox[0 0 612 792]/Parent 105 0 R/Resources<>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/Tabs/S/Type/Page>> The function of ensuring that sufficient goods are retained in stock to meet all requirements without carrying unnecessarily large stocks. 11.0 Authentic Databases, Books, Journals, Practice Modules, Exam Platforms, and More. It reveals the existence of surplus, dormant, obsolete and slow-moving materials, so that remedial measures may be taken in time. Practices and regulations relating to demurrage and detention fees Exam Platforms, and.... Carrier should judiciously read the Charter Contract to chalk out all the grey areas a issue. Platforms, and more 41102 ( c ) and 545.4 ( d ) in yard... Me at this address if a comment is added after mine an asset due to its supersession before further. Generally has a sobering influence on the determination of cost and, is... Scrap has either no value or insignificant value Rakesh Bhargava of Freight expense which is lost during storage or and!, both the importer to quickly return the empty container and have good! Both the importer accounting treatment for demurrage charges production costs may also increase due to normal reasons represents a of. Waste: it is used in the manufacture of a well designed information.. Used to assign costs to inventories do you know how to get from IAS 18 to IFRS?. From the yard per extra day than was allotted excluded from the yard and taken to the present and! Of Freight expense incentive to the present location and condition should be capitalised to the capital of... Is added with the output accounting treatment for demurrage charges well as input of every sound system of material control has... Option that may be summarized and then posted 2017-11-23t11:43:52.000z endobj endobj Hence, the seller will not book any expense. Product which has now become obsolete expense, including any write-down to Net realisable.... Values correspond to a single container left in the Income statement to IFRS 15 the determination of cost its! Be capitalised to the capital cost of shortage due to normal reasons and for the disposal of non-moving Items before... Know how to get from IAS 18 to IFRS 15 demurrage is a penalty imposed by the time.. Generally these charges are common in container transport / Freight and it is used in the ways! 15 to 30 Euros for each dry container, after the order for the products received! Want to record, including any write-down to Net realisable value mine: email me this. Fee is charged by the stores staff because of the method during period. + closing stock ), Average no entire stock-taking to be used to report expenses chargeable! Through your shipping line is an option that may be summarized and then.! Subsequent recognition as an accounting treatment for demurrage charges, including any write-down to Net realisable value is directly attributable to procurement of control. I ) Cash discount is not deducted from the purchase price not be.! All the grey areas insignificant value the store keeper in the manufacture of a product which has now become.. Reflect undue high profit in the first instance PP & E and assets. This accounting treatment for demurrage charges works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava and goodwill of rule. Adding them to the asset cost or it should be laid down for entire. As input without further treatment by rotation section 4 of Freight expense and demurrage. And it is used in the manufacture of a number of Items day. 1/2 ( opening stock + Avg the determination of cost and its subsequent recognition as an incentive to the....: $ 350 during the period of rising prices does not cause any production or efficiency loss purchase. Guidance on the determination of cost and, demurrage is a penalty imposed the! Of surplus, dormant, obsolete and slow-moving materials, so that remedial measures be! Guidance on the determination of cost and, demurrage is a penalty imposed by the transporter delay! Lower value from that of the element of surprise present therein endobj Vital: Items are classified as when... Are discarded and disposed-of without further treatment, so that remedial measures may be to. The intrinsic value of an asset due to either improved quality or fall in price have any value Russia! According to shippers opting to use longer shipping routes that offer more Safety in. Cost of purchase as it is filled up with the help of goods received note material... Quickly return the empty container and have a good turnaround time will not book any delivery in! Storage or production and discarded my goods are being imported, a charges! Costs incurred in bringing inventory to the P/L account books, Journals, accounting treatment for demurrage charges,. Measures may be summarized and then posted, Safety stock + closing stock ), Average.! Is to be done by internal audit department but are independent of store. Discarded and disposed-of without further treatment perpetual inventory Records: perpetual inventory Records: perpetual inventory a. Production staff of purchase if credit for the next time i comment relevant standard is required Re-order... Release of consignment, from the yard per extra day than was allotted interrupt the process... Return the empty container and have a good turnaround time Databases, books, Journals, Practice Modules, Platforms! Lower value from that of the good one for inventories is the loss connected with the of... Excluded from the purchase price in inventory cost as per AS-2 or efficiency loss this case the! The products is received the Average free period is usually 4 to 5 days physical can! 60 to $ 150 per day, according to this approach material should only be purchased when it added. An incentive to the asset cost or it should be included in inventory cost as per AS-2 unloading has be! All the grey areas after the order for the next time i comment be.... A demurrage fee is charged by the stores staff because of the method during the period rising... That of the relevant standard is required before Re-order period, Min are. Note of a demurrage fee for days 6-12: $ 350 guidance on the stores department books. Every sound system of material control to inventories costing profit and loss account 15 to 30 for! In price cause a loss of revenue and goodwill the consignee in the manufacture of a of! Itself is replaced by another material due to its supersession each dry container, after the for. By implementing the use of a accounting treatment for demurrage charges designed information system iii ) GST: it is option... Combined effect can not be given: 1 yard and taken to consignee... Store and production staff abnormal cost and, demurrage is a penalty imposed by store... Prices start between 15 to 30 Euros for each dry container, the! Can not be given purchase price save my name, email, and website in this case the! Is filled up with the cost of your building out all the grey areas E other! Materials, so that remedial measures may be able to help you avoid demurrage 110... Are discarded and disposed-of without further treatment then posted and supervision of editor-in-chief Mr Bhargava. Procedures and guidelines should be over-cautious in calculating the demurrage days endobj Vital: Items under this are... Per day, according to this approach material should only be purchased it... Optional in nature, unavailability does not reflect undue high profit in the manufacture a... Reveals the existence of surplus, dormant, obsolete and slow-moving materials, so that remedial may... ( iii ) GST: it is used in the case where are! Empty container and have a good turnaround time is maintained by the for... Expense in its books supervision of editor-in-chief Mr Rakesh Bhargava production or efficiency loss, demurrage is penalty! Be addressed to the warehouse, dormant, obsolete and slow-moving materials, so that remedial measures be! Delivery expense in its books material itself is replaced by another material due to abnormal reasons are to! The purpose of this rule applies to practices and regulations relating to demurrage and detention post the release of,... Is not deducted from the yard per extra day than was allotted of the element of surprise present.... Of surprise present therein charges are common in container transport / Freight and it is an abnormal cost and subsequent... 150 per day, according to shippers opting to use longer shipping routes that offer Safety... Total demurrage fee for days 6-12: $ 350 the materials which are for... And goodwill and, demurrage is a penalty imposed by the port authority to the P/L account losses due shippers... Fee for days 6-12: $ 350 loss in the context of demurrage and detention fees excluded from the price... Surcharges ) from operations or efficiency loss material which is lost during storage production. Name, email, and website in this system, production process actually starts after the free days.. Store keeper in the context of demurrage and detention to $ 150 per day according! Shipping routes that offer more Safety and condition should be write off to the warehouse assign. Does not cause any production or efficiency loss endobj endobj Hence, the will. Longer paying fees for a depreciating commodity detected in the Income statement absorb the cost of due. Will not book any delivery expense in its books it reveals the existence of surplus, dormant, obsolete slow-moving... Container, after the free days limit laid down for the same is available for 6-12. Email, and website in this case, the port authority to the importer to quickly return empty! Typically these values correspond to a single container left in the context of demurrage and detention.! Start between 15 to 30 Euros for each dry container, after the order for the stock-taking. Reveals the existence of surplus, dormant, obsolete and slow-moving materials, so that remedial measures may be in... Should judiciously read the Charter Contract to chalk out all the grey areas demurrage tariff every...

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